Shiba Inu (SHIB) Soars High with New Major Exchange Listing: Potential Impact on Market Price
- Shiba Inu, the popular dog-themed cryptocurrency, has been listed on PayPal in the United States via a partnership with MoonPay.
- The integration of MoonPay’s services into PayPal marks a significant milestone in the democratization of cryptocurrencies in the US.
- The partnership has led to a surge in the price of Shiba Inu, highlighting the potential for increased adoption and investment.
Shiba Inu scores a major listing on PayPal in the US through a partnership with MoonPay, potentially fueling a price increase and wider adoption of the cryptocurrency.
PayPal and MoonPay Partnership Boosts Shiba Inu
PayPal, the American multinational financial technology company, has teamed up with MoonPay, a crypto payment platform, to enable US users to access cryptocurrency assets like Shiba Inu. The partnership allows PayPal to offer seamless fiat-to-crypto transactions within the US. This integration represents a significant milestone in the democratization of cryptocurrencies in the US, with MoonPay enabling PayPal users to purchase over 110 cryptocurrencies, including Shiba Inu.
Implications for Shiba Inu and Crypto Adoption
The partnership exposes millions of users across all 50 states to Shiba Inu tokens, potentially driving up the price of the cryptocurrency as it attracts new investors. Following the announcement of the partnership, the price of Shiba Inu surged from $0.000022 to $0.000024 in just a day, an increase of 7.72% over the past 24 hours. MoonPay has outlined a straightforward process for PayPal users to access its extensive library of cryptocurrencies, further facilitating the adoption of Shiba Inu and other cryptocurrencies.
